Interesting Cloud Storage Stocks To Add to Your Watchlist – January 20th

NetApp, Commvault Systems, and Alarm.com are the three Cloud Storage stocks to watch today, according to MarketBeat’s stock screener tool. Cloud storage stocks refer to publicly traded companies that provide services for storing and managing digital data on remote servers accessible via the internet. Investors can purchase shares in these companies to gain exposure to the growing demand for cloud storage solutions and services. These stocks often benefit from trends like increasing data storage needs, the shift to cloud-based infrastructure, and the digital transformation of businesses and individuals. These companies had the highest dollar trading volume of any Cloud Storage stocks within the last several days.

NetApp (NTAP)

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.

NASDAQ:NTAP traded up $2.11 on Monday, reaching $122.09. 1,821,302 shares of the company’s stock were exchanged, compared to its average volume of 1,269,484. The firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23. NetApp has a 52-week low of $83.80 and a 52-week high of $135.45. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The business has a fifty day moving average of $120.88 and a 200-day moving average of $122.76.

Commvault Systems (CVLT)

Commvault Systems, Inc. provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.

CVLT traded down $0.43 during trading hours on Monday, hitting $161.28. 402,050 shares of the company’s stock were exchanged, compared to its average volume of 294,543. The firm has a market cap of $7.05 billion, a P/E ratio of 40.83 and a beta of 0.65. Commvault Systems has a 12-month low of $77.56 and a 12-month high of $178.72. The firm has a 50 day moving average of $164.92 and a 200 day moving average of $152.08.

Alarm.com (ALRM)

Alarm.com Holdings, Inc. provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.

Shares of Alarm.com stock traded down $0.02 during trading hours on Monday, reaching $61.36. 175,430 shares of the company were exchanged, compared to its average volume of 329,047. The stock’s fifty day moving average is $62.97 and its 200 day moving average is $60.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com has a 1 year low of $51.87 and a 1 year high of $77.29. The firm has a market cap of $3.03 billion, a PE ratio of 26.56, a PEG ratio of 3.59 and a beta of 0.98.